Business

NNPC REVEALS PRICES OF PETROL FROM DANGOTE REFINERY The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from …

The Nigerian National Petroleum Company Limited (NNPCL) has insisted that it paid N898 per litre for the purchase of petrol from the Dangote Refinery. Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, stated this while responding to a statement from the refinery. Anthony Chiejina, Group Chief Branding and Communications Office of Dangote, had refuted the earlier claim of NNPCL …

DANGOTE REFINERY: PETROL PRICES UNLIKELY TO GO DOWN – EXPERTSExperts have said that the commencement of operations at Dangote Refinery will not lead to a significant drop in petrol prices in Nigeria.The experts, who spoke in an interview on Thursday, said the refinery’s operations will lead to a more stable and predictable supply of petroleum products, reducing the volatility in …

FIVE TIMES TINUBU’S GOVT PROMISED TO KICKSTART PH REFINERYSixteen months into President Bola Ahmed Tinubu’s administration, sworn in May 29, 2023, the hope of Nigeria’s refineries returning to life, as promised, is fast becoming a mirage.Before the 2023 general elections, the president had, among other things, promised to make the state-owned refineries in Port Harcourt, Warri, and Kaduna operational. Not …

AT LAST, PETROL FROM DANGOTE REFINERY HITS NIGERIAN MARKET ON SUNDAY The much-anticipated Premium Motor Spirit (PMS), better known as petrol from Dangote Refinery, is set to hit the Nigerian market by Sunday, 15th September.According to inside sources quoted by Businessday, the refinery, located in Lagos State, is set to commence the distribution of its refined petrol to marketers across …

FUEL PRICE HIKE ALSO AFFECTS TINUBU – MINISTER The Minister of Labour and Employment, Nkeruka Onyejeocha, has revealed that President Bola Ahmed Tinubu is equally affected by the recent fuel price increase. The minister made the disclosure at a Town Hall engagement with organised labour and employers in Abuja, on Friday. According to Onyejeocha, the President is not only human …

MARKETERS COMPLAINED TO TINUBU THAT OUR DIESEL IS TOO CHEAP – DANGOTE Marketers of petroleum products in Nigeria have reportedly written to President Bola Tinubu to complain that the drop in price of Dangote Refinery’s diesel to N900 per litre, is negatively affecting their businesses. Devakumar Edwin, Vice President, Dangote Industries Limited, disclosed this on a Twitter Spaces session organized …

HOW TINUBU GOVT USED RESEARCH INSTITUTES AS FRONTS TO DOLE OUT MONEY FOR UNRELATED PROJECTS A review of the public payments portal, Govspend has shown that Nigeria Research institutes are fast becoming conduits for carrying out tasks that are outside their stated legal frameworks.Most times the monies spent on these projects inserted into these research institutes’ budgets are usually more …

ENUGU GOVERNOR, PETER MBAH, FLAGS OFF REVITALISATION OF UNITED PALM PRODUCTS Governor of Enugu State, Dr. Peter Mbah, Thursday, performed the formal flag-off of the revitalisation of the Enugu United Palm Products Limited, EUPPL. The flag-off, which took place at Ibite-Olo, Ezeagu LGA of the state, was sequel to the N100bn deal between the Enugu State Government and Pragmatic Palms …

NAIRA DEVALUATION WORSENS COST OF FUEL IMPORTATION AS NIGERIA SPENT N5.8TN IN SIX MONTHS Data released by the National Bureau of Statistics has shown that petroleum worth N5.8 trillion was imported into the country in the first six months of 2024, representing first and second quarter of the year. A review shows that in the first quarter of the year, …